Verecan Asset Management Inc

Item 5 - Fees and Compensation

The following section outlines Verecan Asset Management Inc.’s compensation structure,
including our standard advisory fee schedule, billing practices, third-party expenses, termination
rights, and client protections.

A. Fee Schedule

Asset Based Fees

Our typical advisory fee is structured as an annual, asset-based fee calculated as a percentage of
assets under management (AUM). The current standard schedule is:

   •   1.0% on assets up to $2,000,000
   •   0.8% on assets from $2,000,001 to $5,000,000
   •   0.6% on assets over $5,000,001

This schedule is tiered, and fees may be negotiated based on the size and complexity of the client
relationship or other relevant factors.

We reserve the right to modify or increase our standard fees in the future. Any such changes will
be communicated in advance and implemented only after proper notice and, if required, client
consent.

B. Payment of Fees

Asset-based fees are charged monthly in arrears calculated based on the average daily value of
the account throughout the month, or as otherwise indicated in the client agreement. The client
must consent in advance to direct debiting of their investment account. If the client agreement is
executed at any time other than the first day of a calendar month, our fees will apply on a pro
rata basis, which means that the advisory fee is payable in proportion to the number of days in
the month for which you are a client.

C. Third Party Fees

In addition to the advisory fees paid to Verecan Asset Management Inc., clients may incur other
fees and expenses in connection with the management of their accounts. These may include, but
are not limited to:

   •   Custodial fees, such as account maintenance, wire transfers, account transfers, or
       termination fees, charged by the qualified custodian (typically Charles Schwab & Co.,
       Inc.)
   •   Brokerage and transaction costs, such as commissions or markups, where applicable (see

Item 7 - Types of Clients
Verecan Asset Management Inc. provides investment advisory services to a wide range of
clients, including:
    • Individuals and high net worth individuals
    • Trusts and estates
    • Corporations and business entities
    • Charitable organizations and foundations
    • Other institutions and entities

We tailor our investment strategies to meet the specific objectives and circumstances of each
client type.

Verecan Asset Management Inc. does not currently impose a minimum account size requirement
to establish or maintain an advisory relationship. However, we evaluate each prospective client
relationship individually to determine whether our services are a good fit based on the scope,
complexity, and nature of the engagement. We may decline to enter into an advisory agreement
if we determine that a potential client’s circumstances fall outside our areas of expertise or if we
believe we cannot provide meaningful, conflict-free advice under our service model.